L&G launches affordable housing division

New houses

Legal & General has created a new wholly-owned affordable housing provider which aims to deliver 3,000 homes per year within the next four years.

Legal & General Affordable Homes will operate as a subsidiary of Legal & General Capital and aims to deliver 3,000 homes per year within the next four years.

Chief executive Nigel Wilson said the new division has been formed to tackle the historical “underinvestment” in the sector. It will look to become the leading private affordable housing provider in the UK and bridge the gap between the 1.3m households on UK waiting lists for affordable by increasing housing provision for the sector which currently averages 30,000 properties a year.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue